Total content for now with US shale holdings

Total SA has no plans to make any more US shale acquisitions, at least for now, because the French oil and gas company already is satisfied with its international shale oil and gas holdings, executives said.

“Honestly, we’re losing money on Barnett," Patrick de la Chevardiere, Total chief financial officer, said during a Sept. 24 investors presentation in London. “I’m not saying we’ll never do any more acquisitions in US shale gas and oil, but today we have a good balance between shale oil and gas, plus acreage in Argentina,” he stated.